Majer Corporation makes a product with the following standard costs:

	Standard Quantity or Hours		Standard Price or Rate		Standard Cost Per Unit
Direct materials	6.4	ounces	$ 3.00	per ounce	$ 19.20
Direct labor	0.4	hours	$ 13.00	per hour	$ 5.20
Variable overhead	0.4	hours	$ 5.00	per hour	$ 2.00

The company reported the following results concerning this product in February.

Originally budgeted output	4,800	units
Actual output	4,900	units
Raw materials used in production	30,230	ounces
Actual direct labor-hours	1,910	hours
Purchases of raw materials	32,600	ounces
Actual price of raw materials	$ 2.90	per ounce
Actual direct labor rate	$ 12.40	per hour
Actual variable overhead rate	$ 4.90	per hour

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

The materials price variance for February is:

Multiple Choice

$3,260 U

$3,260 F

$3,136 F

$3,136 U